Russia Telemedicine Market Analysis


  • Type: Service area
  • Published : February 2022
  • Region: Russia
  • Country: Other
  • Report ID : 5084

  • Format: PPT, PDF

Russia Telemedicine Market Analysis: Segmented by Component, Application, Delivery Mode – Growth, Market Size, Future Prospects & Competitive Analysis, 2020 – 2028

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Report Description of the Russia Telemedicine Market Analysis

Research Scope and Assumption

  • The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

Reason to buy the report:

  • Facilitate decision-making based on strong current and forecast data for Russia Telemedicine Market Analysis
  • Develop strategies based on the latest regulatory framework
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Russia Telemedicine  Market  Analysis
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • We have technically sound team which do a deep dive research and also provide strategy based consulting analysis

Russia Telemedicine Market Analysis Executive Summary

In Russia, telemedicine, as a publicly available medical practice, is just beginning to develop, although for a country with vast distances and transport underdevelopment, telemedicine services are especially important social and economic. Telemedicine can be used for remote audio and video consultations, reducing the cost of repeated visits to a doctor, constant monitoring of patients with chronic diseases, remote surgical operations, emergency assistance in emergency situations, assistance to military and astronauts, as well as for training and advanced training of doctors.

Market Size and Key Findings

The Russia Telemedicine Market Analysis size stood at around USD 0.057 billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

In 2019, the revenue of the telemedicine market in Russia constituted 4.4 billion Russian rubles. After a sharp increase to nearly 2.7 billion Russian rubles in 2017, the market revenue continued to grow in the following two years.

Market Dynamics

Market Growth Drivers Analysis

The significant growth of the Russia telemedicine market in the coming timeframe is expected to be witnessed on the back of an increase in digitalization in the healthcare sector. A rise in remote consultation backed by the rising prevalence of chronic diseases is anticipated to be a growth contributing factor for the progressive growth of the Russia telehealth market. A spur in the technological innovations in the healthcare sector, and efforts to find a resolution to address the accessibility issues of the healthcare sector in remote areas and offer bountiful opportunities to the potential industrial makers of the product and the to-be-investors to register significant growth in the coming timeframe.

Market Restraints

It would be very convenient to create a full-fledged unified medical base throughout Russia with the ability to access it by any doctor, but how to make sure that this base is well protected and the data in it is securely encrypted? By a regular video call, a doctor can find out confidential information – how to verify that it will not be intercepted? And how to make sure that it is used lawfully and cases are impossible so that “black realtors” massively turn to pensioners with mental disorders? So far, these are isolated risks, but they can become a serious problem if telemedicine is used everywhere.

Covid-19 Market Impact Analysis

The COVID-19 coronavirus pandemic has become a powerful incentive for the development of telemedicine both in the world and in Russia. The 1st Sechenov State Medical University became responsible for providing telemedical services to patients with coronavirus. In a short time, the university conducted more than 2,000 teleconsultations in the “doctor-doctor” mode for regional medical institutions. Increasingly, they resorted to this way of communication in the regions themselves. For example, in the Sverdlovsk region for 4 months of 2020, compared with the same period of the previous year, the number of telemedicine consultations on the infectious profile increased by 16%, on medical rehabilitation – 3.5 times, on pulmonology – 9 times.

Competitive Landscape

Key Players

Some of the major industry players involved in telemedicine market include Medisoft Telemedicine, Ge Healthcare, Haemonetics Corp., AMD Global Telemedicine Inc., Philips Healthcare, Cloudvisit Telemedicine, Reach Health companies.

Products in Pipeline

  • Large Russian enterprises such as Yandex (a Russian multinational technology corporation specialising in online services and products) and New Medicine (Novaya Meditsina, Новая медицина) have both launched online-consultation services, with which the patient can discuss health issues directly with a doctor. Yandex even went a step further and has created Yandex. Health, a mobile application which allows the user to have a discussion with a qualified doctor online and in turn get sound medical advice. The application has had over 10,000 downloads in Russia alone since November 2016.
  • In mid-October 2021, it became known that the Ministry of Economic Development of the Russian Federation developed a program of an experimental legal regime (EPR) for telemedicine. It is assumed that doctors will make diagnoses via the Internet.

Notable Recent Deals

  • On October 20, 2020, the Ministry of Health of Russia announced the upcoming launch of remote medical consultations on the public services portal. The implementation of the pilot project is planned to begin with five regions, said Deputy Department Pavel Pugachev.
  • On July 16, 2020, it became known that remote medical consultations for the first time in Russia began to be provided under the compulsory medical insurance policy. The telemedicine service “Doctor Nearby” has become available to the owners of the compulsory medical insurance policy in the Kaluga region – this is about 1 million people.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

The Ministry of Healthcare (‘MoH’) of Russia adopted “The Concept of Development of Telemedicine Technologies No 76” on 27 August 2001, thereby attempting to regulate the telemedicine and e-Health market for the first time. This attempt was simply based on a declaration to regulate the market, rather than provide legal regulations, therefore was at that stage only able to provide useful definitions. This included the definition of telemedicine as “medical-diagnostic consultations, administrative, education, scientific measures in healthcare carried out via telemedicine technologies”. Over a decade later and according to Article 32 (3) of the Law concerning “the basics of Healthcare of the citizens of the Russian Federation”, telemedicine is still not legal or fully regulated, as the law does not allow the provision of remote medical diagnosis or assistance. An amendment to the law was submitted to the lower house of the Russian Parliament in May 2016, which introduced a more contemporary way in which medical services can be delivered in Russia.

LANIT-Integration (part of the LANIT group of companies), with the support of Intel, has developed and implemented a system for remote coordination of medical activities in 39 clinics in Russia. This was announced by LANIT on October 5, 2020. The results of the April pilot project in the main coronavirus center of the State Design Bureau No. 40 (Kommunarka) made it possible to scale the decision to other medical institutions.

1. Report Description of the Russia Telemedicine Market Analysis
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. Russia Telemedicine Market Analysis Executive Summary
2.1 Russia Telemedicine Market Analysis – Industry Snapshot & key buying criteria, 2020-2028
2.2 Market Size, Growth Prospects and Key findings
3. Market Dynamics of Russia Telemedicine Market Analysis
3.1 Market Growth Drivers Analysis
3.1.1 Increase in digitalization
3.1.2 A rise in remote consultation
3.2 Market Restraints Analysis
3.2.1 Security issues
3.3 Covid-19 Market Impact Analysis
4. Russia Telemedicine Market Segmentation
4.1 By Component:
4.1.1 Services
4.1.2 Software
4.1.3 Hardware
4.2 By Application:
4.2.1 Teleconsultation
4.2.2 Teleradiology
4.2.3 Telecardiology
4.2.4 Telepathology
4.2.5 Teledermatology
4.2.6 Other Applications
4.3 By Delivery Mode:
4.3.1 On-Premise
4.3.2 Web-Based
4.3.3 Cloud-Based
5. Russia Telemedicine Market Share
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
6.2 Products in Pipeline
6.3 R&D Initiatives Telemedicine Market
6.4 Notable recent deals in Telemedicine Market
6.4.1 Joint Ventures
6.4.2 Partnerships
6.4.3 Mergers & Acquisitions
6.4.4 Strategic divestments
7. Key Company Profiles
7.1 Medisoft Telemedicine Pvt. Ltd. Company overview
Product & Services, Strategies & Financials
7.2 Ge Healthcare Company overview
Product & Services, Strategies & Financials
7.3 Haemonetics Corp. Company overview
Product & Services, Strategies & Financials
7.4 AMD Global Telemedicine Inc. Company overview
Product & Services, Strategies & Financials
7.5 Philips Healthcare Company overview
Product & Services, Strategies & Financials
7.6 Reach Health Company overview
Product & Services, Strategies & Financials
7.7 Cloudvisit Telemedicine Company overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Policy changes and Reimbursement scenario
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development of Telemedicine market
9.2 Future Opportunities
10. Strategic Recommendations

Russia Telemedicine Market Analysis Segmentation

By Component:

On the basis of component, the Russian telemedicine market is divided into services, software, and hardware. The services segment accounted for the largest share of the telemedicine market. Factors such as rising adoption of remote monitoring solutions and technological advancements in telecommunications are contributing to the growth of this segment.

By Application:

On the basis of application, the Russian telemedicine market is segmented into teleconsultation, teleradiology, telecardiology, telepathology, teledermatology, and other applications. The teleconsultation segment accounted for the largest share.

By Delivery Mode:

On the basis of deployment mode, the Russian telemedicine system market is categorized into three segments, namely, on-premise, web-based, and cloud-based. The web-based segment accounted for the largest share of the telemedicine delivery mode market. Factors such as huge customer base and remote data accessibility are driving the growth of this segment.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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